Fiera Capital Corp Boosts Stake in American Express Company $AXP

Fiera Capital Corp increased its stake in American Express Company (NYSE:AXP) by 41.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,212 shares of the payment services company’s stock after acquiring an additional 20,441 shares during the period. Fiera Capital Corp’s holdings in American Express were worth $22,077,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Good Life Advisors LLC lifted its stake in American Express by 2.2% during the second quarter. Good Life Advisors LLC now owns 2,218 shares of the payment services company’s stock worth $707,000 after purchasing an additional 48 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in shares of American Express by 10.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 5,161 shares of the payment services company’s stock valued at $1,646,000 after buying an additional 474 shares in the last quarter. ABN Amro Investment Solutions bought a new stake in American Express in the 2nd quarter worth approximately $22,961,000. Better Money Decisions LLC purchased a new stake in American Express in the second quarter worth approximately $203,000. Finally, Impax Asset Management Group plc grew its position in American Express by 78.0% during the second quarter. Impax Asset Management Group plc now owns 19,218 shares of the payment services company’s stock valued at $6,130,000 after acquiring an additional 8,421 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AXP. Weiss Ratings lowered shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. UBS Group raised their price objective on American Express from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Barclays lifted their price objective on American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Keefe, Bruyette & Woods increased their target price on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their price target on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $332.65.

American Express Stock Down 2.3%

Shares of NYSE:AXP opened at $364.26 on Friday. The stock’s 50-day moving average is $342.89 and its 200 day moving average is $316.91. The company has a market cap of $250.92 billion, a PE ratio of 24.45, a P/E/G ratio of 1.90 and a beta of 1.27. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. American Express Company has a 1 year low of $220.43 and a 1 year high of $377.23.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The firm had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were issued a $0.82 dividend. The ex-dividend date was Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s dividend payout ratio is 22.01%.

Insider Transactions at American Express

In other American Express news, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer directly owned 92,810 shares in the company, valued at $30,614,306.60. This trade represents a 54.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the transaction, the insider owned 7,726 shares in the company, valued at $2,709,739.98. This trade represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 193,292 shares of company stock worth $65,363,878. 0.20% of the stock is owned by corporate insiders.

American Express Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.